Dover Corporation (NYSE:DOV) reported fourth-quarter results on Thursday, beating earnings and revenue expectations.
For the quarter, Dover generated revenue of $2.099 billion, an increase of 9%, beating the consensus of $2.082 billion.
Adjusted diluted earnings per share from continuing operations was $2.51, up 14% year over year, beating the consensus of $2.48.
Total segment margin came in at 22.8%, up from 22.2% last year. Non-GAAP quarterly free cash flow came in at $486.96 million. Cash and cash equivalents totaled $1.67 billion.
Dover’s President and CEO, Richard J. Tobin, said, “Fourth quarter results reflect broad-based top line strength across the portfolio, with organic growth reaching its highest level of the year.”
“Revenue performance was driven by robust trends in our secular-growth-exposed markets as well as improving conditions in retail fueling and refrigerated door cases and services. Our sustained strong bookings rates continue to support underlying momentum across the portfolio, providing confidence in the durability of demand as we enter the new year.”
Outlook
For 2026, Dover expects to generate adjusted EPS of $10.45 to $10.65, versus a consensus of $10.54, based on full-year revenue growth of 5% to 7%.
Dover expects fiscal 2026 sales to range between $8.498 billion and $8.656 billion, compared with the Street estimate of $8.524 billion.
“We have a constructive outlook for 2026. Demand trends are solid and broad-based across the portfolio, and are supported by our order book, with no individual end market presenting a material headwind,” Tobin added.
DOV Price Action: Dover shares were down 1.52% at $202.86 at the time of publication on Thursday, according to Benzinga Pro data.
Photo by Ken Wolter via Shutterstock
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